DA Davidson Issues Positive Forecast for Photronics Earnings

Photronics, Inc. (NASDAQ:PLAB) – DA Davidson upped their FY2025 earnings per share (EPS) estimates for Photronics in a research report issued on Thursday, December 12th. DA Davidson analyst T. Diffely now expects that the semiconductor company will earn $2.30 per share for the year, up from their previous forecast of $2.20. DA Davidson currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for Photronics’ current full-year earnings is $2.20 per share.

Separately, StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

Photronics Stock Down 6.4 %

Shares of NASDAQ PLAB opened at $26.27 on Friday. Photronics has a 12 month low of $20.25 and a 12 month high of $34.16. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 12.57 and a beta of 1.41. The business has a fifty day simple moving average of $24.44 and a 200-day simple moving average of $24.56.

Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $222.60 million during the quarter, compared to the consensus estimate of $218.00 million. During the same period in the prior year, the business posted $0.60 earnings per share. Photronics’s revenue was down 2.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. CWM LLC increased its position in Photronics by 155.2% in the 2nd quarter. CWM LLC now owns 3,294 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 2,003 shares during the last quarter. Summit Global Investments acquired a new position in Photronics in the 2nd quarter worth about $572,000. SummerHaven Investment Management LLC increased its position in Photronics by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,145 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 563 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Photronics by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the semiconductor company’s stock worth $787,000 after purchasing an additional 900 shares during the last quarter. Finally, LVZ Inc. increased its position in Photronics by 39.6% in the 2nd quarter. LVZ Inc. now owns 16,895 shares of the semiconductor company’s stock worth $417,000 after purchasing an additional 4,792 shares during the last quarter. 88.38% of the stock is owned by institutional investors and hedge funds.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.